Your Netflix subscription is about to get more expensive. This morning, the company announced that it will be raising prices for all U.S. subscribers by 13 to 18 percent, its largest-ever price increase. Netflix’s two-screen plan, its most popular among U.S. viewers, will rise to $13 per month from $11, while its premium, ultra-HD plan will jump from $14 per month to $16. The basic plan, which offers a single non-high definition stream, will increase from $8 to $9 per month.

According to Variety, the updated pricing will be effective immediately for all new Netflix subscribers in the United States, and existing subscribers will be moved over to the new plans within the next three months. In September 2018, Netflix reported 58 million U.S. subscribers, but far more people will be affected by the price increase: the new pricing tiers will also roll out to customers in about 40 Latin American countries (excluding Mexico and Brazil) where Netflix charges in U.S. dollars.

“We change pricing from time to time as we continue investing in great entertainment and improving the overall Netflix experience,” the streaming giant said in a statement.

The last time Netflix raised its U.S. prices was in late 2017, but that increase only affected the standard (two-screen) and premium (four-screen) plans. At the time, the standard plan increased from $10 to $11 per month, while the premium increased from $12 to $14. Variety reports that the 2017 price increase was met with minimal cancellations, a sign that Netflix users will likely continue to subscribe despite today’s hefty increase.

In 2018, Netflix spent over $8 billion on original content, and judging by its Original TV and movie slate, it’s poised to spend even more in 2019. The extra money brought in by the price increase will help to fund big-budget projects like Stranger Things Season 3, Black Mirror Season 5, Ben Affleck’s Triple Frontier, and Martin Scorsese’s most expensive movie ever, The Irishman.